Royal Bank of Scotland

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  1. 3 people found this helpful  

    US presence is in shrink mode

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director in Stamford, CT
    Former Employee - Director in Stamford, CT

    I worked at Royal Bank of Scotland full-time

    Pros

    Many of the people in Stamford are very competent and diligent, There is very good Interactions between departments and you can learn new ideas from each area. Stamford has state of the art technology. Work-life balance is very good. There will be long days, but the trade off is management will allow you to work at home every now and then.

    Cons

    As of now the bank in the US overall is still shrinking, so an increase in compensation won't happen for most people. Unfortunately this is the same for career opportunities. Its not clear what plans Senior Management has for the US besides trying to IPO their largest US subsidiary, Citizensbank, and the reduction of personnel on the investment bank side. RBS is 84% owned by the UK Taxpayers, so UK management listens very closely to what the government wants the bank to do. In turn UK management tells the US management what the strategy of the day, month or year will be.

    Advice to ManagementAdvice

    Overall US management is doing everything they can do under the circumstances as their orders come from the UK.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Helpful employees but rigid structure

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Anonymous Contractor
    Former Contractor - Anonymous Contractor

    I worked at Royal Bank of Scotland as a contractor

    Pros

    I was pleased that when I wanted to learn about different departments around the bank, all employees I reached out to were happy to help. Training was good also.

    Cons

    The bank lacks the ability to think in novel and innovative ways, which is a problem given that the bank needs to reinvent itself following its restructure. Policies and processes are outdated and it is very difficult to get anything done.

    Negative Outlook
    No opinion of CEO
  3.  

    Has it's ups and down, but over all a good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Administrator in Salt Lake City, UT
    Current Employee - Loan Administrator in Salt Lake City, UT

    I have been working at Royal Bank of Scotland full-time (more than a year)

    Pros

    Great work / life balance. From day one I had 20 days of PTO to use each year, plus all the banking holidays. A great starting wage. The company has a strong focus on volunteer work, which is good to give back

    Cons

    The banking industry is still going through a recovering faze after the '08 crash. RBS is majority owned by the UK government, and the raising level of auditors and regulators is staggering. Morale is low, as positions are being taken back east, or to India.

    Advice to ManagementAdvice

    Continue to keep the lines of communication open. It is good to receive communication from that perspective.

    Recommends
    Negative Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Great Pay with Troubled Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Financial Analyst in Stamford, CT
    Former Contractor - Financial Analyst in Stamford, CT

    I worked at Royal Bank of Scotland as a contractor (less than a year)

    Pros

    Great pay, great office (North American HQ), most people are friendly and professional

    Cons

    The future of the Bank is unstable, especially in the US, and layoffs can happen without notice. Most contractors working there are overpaid and do less work than most other positions that pay a fraction of their pay rates. But that's the reality of big banks and why they're great if you have a secure job there

    Advice to ManagementAdvice

    Lighten up on the big spending and poor acquisitions and maybe so many jobs won't be cut

    Recommends
    Negative Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    RBS not good to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Anonymous Intern in Stamford, CT
    Former Intern - Anonymous Intern in Stamford, CT

    I worked at Royal Bank of Scotland as an intern (less than a year)

    Pros

    not a good employee at all!

    Cons

    management is extremely poor, 'clicky' department

    Advice to ManagementAdvice

    need to take more time to engagement and listen to employees

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    Decent pay with good people to work with depending on the department

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Stamford, CT
    Current Employee - Vice President in Stamford, CT

    I have been working at Royal Bank of Scotland full-time (more than 5 years)

    Pros

    If you work hard, people will notice you and give you more responsibility to grow your career. Based pay are at market and great PTO policy. It is very hard to find another place with better PTO policy.

    Cons

    Bonus is limited by British Government (bad business combination when you are controlled by government). No communication between departments. Work in Solo. No horizontal movement to other department after reaching VP level.

    Advice to ManagementAdvice

    Allow more horizontal movement between department and raise base pay to compensate bonus restriction. Breakdown departmental solo and allow department to work together to create synergy.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    I would stay away from this company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Stamford, CT
    Current Employee - Anonymous Employee in Stamford, CT

    I have been working at Royal Bank of Scotland full-time (more than a year)

    Pros

    Stamford office is state of the art and the staff is very friendly.

    Cons

    Commute, Poorly managed areas and senior management constantly change gears...hard to see the direction of the company because of this.

    Advice to ManagementAdvice

    Learn how to manage and not micro manage employees and put into place options Work from home flexibility.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9.  

    Not the perfect place to work for

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Royal Bank of Scotland

    Pros

    You are given some freedom

    Cons

    The managers do whatever they want do, and they sweet talk you, but will never protect you..they will do illegal stuff, but will clip you if you do it because it benefits them

    Advice to ManagementAdvice

    Care more about existing clients service, not just signing up new PREYs

  10.  

    Great Work Life Balance, But too Much Focus on Company change, not enough employee retention

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Manager in Taylorsville, UT
    Current Employee - Operations Manager in Taylorsville, UT

    I have been working at Royal Bank of Scotland full-time (more than 3 years)

    Pros

    Utah office - fantastic work life balance, great hours.
    Salary is competitive based on experience
    Great people to work with

    Cons

    There are way too many company initiatives employees are expected to be on board with (without adequate reward). Initiatives are a blatant cost/headcount reduction exercises.
    Not enough employee recognition, development and reward

    Advice to ManagementAdvice

    Reward employees to increase staff retention and morale

    Recommends
    Negative Outlook
    No opinion of CEO
  11.  

    RBS good company

    Former Contractor - Anonymous Contractor
    Former Contractor - Anonymous Contractor

    I worked at Royal Bank of Scotland as a contractor

    Pros

    Great corporate benefits Great pay and opportunities
    Good working environment

    Cons

    No work/life balance Long hours

    Approves of CEO

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